Securities and Exchange Commission Plans to Hire in-House Crypto Specialist
The United States finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency. The SEC, which continues to iron out policy regarding U.S. domestic treatment of cryptocurrency tokens, will pay up to $239,000 per year for its Crypto Specialist, who will serve various consulting roles.
As Cointelegraph continues to report, market participants are keen to see how the current patchwork regulatory environment evolves.
The SEC is devoting considerable energy to ensuring tokens and their issuers abide by extant securities laws, targeting businesses with legal processes to ensure compliance.
At the same time, slow progress has been made with applications to bring crypto products to market, specifically bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), which remain under scrutiny. The status quo has even seen leverage by politicians, with one presidential hopeful, Andrew Yang, releasing a dedicated policy statement this month in which he promises to overhaul U.S. cryptocurrency law.